The new Foreign Trade Policy announced a slew of tax concessions to boost exports, which have been on the downslide since October 2008.

Among other measures, the five-year FTP continues with the 2 per cent interest subsidy for exporters on pre-shipment credit and income tax exemption to 100 per cent Export Oriented Units (EOUs) till the end of next fiscal.

Further, the government also extended the duty refund scheme till December 2010, and increased assistance for development of markets.